Analysts Set TWFG, Inc. (NASDAQ:TWFG) Target Price at $32.86

TWFG, Inc. (NASDAQ:TWFG) has received a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.8571.

A number of research firms have commented on TWFG. Morgan Stanley upped their price objective on shares of TWFG from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. UBS Group cut their target price on shares of TWFG from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of TWFG in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada started coverage on TWFG in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 price target on the stock.

Institutional Trading of TWFG

Hedge funds have recently made changes to their positions in the stock. Riverbridge Partners LLC acquired a new position in shares of TWFG in the second quarter worth $12,049,000. Ascent Group LLC raised its holdings in shares of TWFG by 86.2% during the third quarter. Ascent Group LLC now owns 90,402 shares of the company’s stock worth $2,481,000 after acquiring an additional 41,855 shares in the last quarter. Giverny Capital Inc. acquired a new stake in TWFG during the second quarter valued at $6,225,000. Envestnet Asset Management Inc. purchased a new position in TWFG in the second quarter valued at about $342,000. Finally, Grandeur Peak Global Advisors LLC purchased a new position in TWFG in the second quarter valued at about $2,809,000.

TWFG Trading Up 1.4%

Shares of NASDAQ:TWFG opened at $25.78 on Monday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 58.59 and a beta of 0.11. TWFG has a 1-year low of $23.52 and a 1-year high of $36.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 101.35 and a current ratio of 101.35. The company has a 50 day moving average price of $27.94 and a 200 day moving average price of $27.80.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $64.12 million during the quarter, compared to the consensus estimate of $64.15 million. TWFG had a return on equity of 8.74% and a net margin of 2.87%. On average, research analysts anticipate that TWFG will post 0.57 EPS for the current fiscal year.

About TWFG

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.